Chile’s trade surplus rose to USD 1,740 million in January 2021 from USD 1,058 in the corresponding month of the previous year. Exports rose 8 percent from a year earlier to USD 7,038 million, boosted by mining products including copper; agricultural, forestry & fishing goods. Imports declined 3 percent to USD 5,298 million, mainly due to lower purchases of intermediate goods. source: Banco Central de Chile

Balance of Trade in Chile averaged 500.18 USD Million from 1991 until 2021, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Balance of Trade in Chile is expected to be 100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 500.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2022, according to our econometric models.

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Chile Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1739.81 1422.62 2968.68 -1384.72 1991 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 11:30 AM Oct $1208M $886M $ 920M
2020-12-07 11:30 AM Nov $1568M $1208M $1000M
2021-01-07 11:30 AM Dec $1423M $1568M $ 800M
2021-02-08 11:30 AM Jan $1740M $1423M $1050M
2021-03-08 11:30 AM Feb $1740M
2021-04-07 12:30 PM Mar $ 800M
2021-05-07 12:30 PM Apr
2021-06-07 12:30 PM May


News Stream
Chile Trade Surplus Widens in January
Chile’s trade surplus rose to USD 1,740 million in January 2021 from USD 1,058 in the corresponding month of the previous year. Exports rose 8 percent from a year earlier to USD 7,038 million, boosted by mining products including copper; agricultural, forestry & fishing goods. Imports declined 3 percent to USD 5,298 million, mainly due to lower purchases of intermediate goods.
2021-02-08
Chile Trade Surplus Narrows in December
Chile’s trade surplus shrank to USD 1,423 million in December of 2020 from USD 1,523 in the same period of the previous year. Imports surged 9.8 percent over a year earlier to USD 5,721 million, amid higher purchases of consumption goods (22.7 percent) and intermediate goods (11.7 percent). In contrast, acquisitions of capital goods decreased (-3.4 percent). Exports rose at a slower 6.1 percent to USD 7,143 million, mainly boosted by sales of mining products (9.4 percent), in particular, copper (6.7 percent); iron (6.4 percent) and silver (153 percent). Shipments also increased for agricultural, forestry & fishing goods (11.4 percent), but they fell for manufactured products (-1.6 percent).
2021-01-07
Chile Trade Surplus Widens in November
Chile’s trade surplus increased to USD 1,568 million in November of 2020 from USD 58 million in the same period of the previous year. Exports surged 15 percent over a year earlier to USD 6,163 million driven by higher shipments of mining products (24.3 percent), of which copper (24.3 percent) and iron (313 percent); agricultural, forestry & fishing goods (10.8 percent) and manufactured goods (1.4 percent). Conversely, imports fell 13.4 percent to USD 4,595 million, on lower purchases of intermediate goods (-14.7 percent); capital goods (-18.2 percent) and consumption goods (-1.6 percent).
2020-12-07
Chile Trade Balance Swings to Surplus in October
Chile’s trade balance shifted to a USD 1,208 million surplus in October 2020 from a USD 286 million deficit in the same month of the previous year. Exports jumped 12.9 percent over a year earlier to USD 5,983 million driven by higher sales of mining products (24.5 percent), in particular copper (24.1 percent); and agricultural, forestry & fishing goods (31.7 percent). In contrast, sales of manufactured products fell 4.3 percent. Imports dropped 14.5 percent to USD 4,775 million, mostly due to lower purchases of consumption goods (-9.6 percent), namely durable (-13.9 percent) and semi-durable (-20.3 percent); capital goods (-15.6 percent); and intermediate (-14.7 percent).
2020-11-09

Chile Balance of Trade
Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. The most important non mineral exports are processed food, namely salmon; fresh fruit; chemicals; cellulose & paper; forestry & wood products; metals, machinery & equipment; and wine. In 2019, the biggest trade surpluses were recorded with China and Japan while the largest trade deficits with the US, Argentina and Brazil.